Navigating Economic Volatility in China and Beyond

This chapter analyzes current economic trends and market dynamics in China, comparing them to historical financial crises. It highlights investment strategies, focusing on key players like BYD and Alphabet, while stressing the importance of rational decision-making in a volatile environment.

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On today’s episode, Clay dives into the investment approach of billionaire value investor Li Lu.

Li Lu is the Founder and Chairman of Himalaya Capital, a value investing firm where he has been managing its principal fund since 1997. Before his passing in 2023, Charlie Munger was an investor in the fund.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:27 - The back story of Li Lu’s early life.

06:46 - Li Lu’s investment philosophy.

08:28 - The four key investment principles he adheres to.

29:36 - Li Lu’s view on investing in China.

44:52 - An overview of Alphabet, one of Li Lu’s top holdings.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Li Lu’s book: Moving the Mountain.
Check out: FT Magazine Article.
Check out: Li Lu’s 2006 talk at Columbia.
Related Episode: RWH008: Playing to Win w/ Mohnish Pabrai | YouTube video.
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